NeoVolta Inc
Change company Symbol lookup
Select an option...
NEOV NeoVolta Inc
SCHL Scholastic Corp
SIDU Sidus Space Inc
MGY Magnolia Oil & Gas Corp
CWBR CohBar Inc
UPTDU TradeUP Acquisition Corp
BHAC Crixus BH3 Acquisition Co
WORX Scworx Corp
WY Weyerhaeuser Co

Industrials : Electrical Equipment |
Company profile

NeoVolta, Inc. is a designer, manufacturer, and seller of high-end Energy Storage Systems (ESS), primarily its NeoVolta NV14 and NV 24, which can store and use energy via batteries and an inverter at residential or commercial sites. The Company primarily markets and sells its products directly to its certified solar installers and solar equipment distributors. Its storage solutions are engineered with lithium iron phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and non-flammable. Its products include NeoVolta NV14 and NV24. The NV14 is a complete ESS with 7,680-Watt 120 volts (V)/ 240V hybrid inverter, which produces 208 V commercial power with a 14.4 kilowatt-hour (kWh) lithium iron phosphate (LiFe (PO4)) battery system. Its NV24 has additional battery capability that raises NV14 energy storage from 14.4 KW to 24.0 KW. The NV14 is capable of storing and using inverted (AC) photovoltaic, non-inverted (DC) photovoltaic, or both AC and DC photovoltaic solar sources.

Closing Price
Day's Change
0.16 (6.11%)
B/A Size
Day's High
Day's Low

10-day average volume:

Zscaler's stock soars 20% as company raises its forecast far above expectations

10:43 am ET May 8, 2023 (MarketWatch)

By Emily Bary

Palo Alto Networks, CrowdStrike shares rally in wake of Zscaler's upbeat announcement

Shares of Zscaler Inc. were rocketing 20% in morning trading Monday after the cybersecurity company said that it expects to report better-than-anticipated results for its just-completed quarter.

Zscaler (ZS) now expects that it will record $415 million to $419 million in revenue for the April period, its fiscal third quarter, while its prior outlook was for $396 million to $398 million. Analysts tracked by FactSet were expecting $397 million.

"Given the state of the macro environment, it is safe to say this is an outcome that hardly any investor (if, in fact, any at all) was anticipating," Mizuho's Gregg Moskowitz wrote in a note to clients.

Evercore ISI analyst Peter Levine wrote that Zscaler's announcement "should bode well for the upmarket enterprise security vendors," calling out Palo Alto Networks Inc. (PANW), which was up 2.5% Monday morning, and CrowdStrike Holdings Inc. (CRWD), up 4.5%.

The company expects calculated billings of $478 million to $482 million, while analysts had been looking for $449 million. The company defines calculated billings as revenue plus the change in deferred revenue and says that the metric "aims to reflect amounts invoiced for subscriptions to access our cloud platform, together with related support services for our new and existing customers."

SVB MoffettNathanson analyst Sterling Auty highlighted that "the upside in billings shows an acceleration from last quarter."

Additionally, Zscaler's management predicts that the company logged $60 million to $64 million in adjusted income from operations for the period, whereas the previous forecast was for $55 million to $56 million.

Zscaler anticipates a $55 million to $59 million GAAP loss from operations for the April quarter. The company didn't give a forecast on that metric initially.

"We had a strong finish to the quarter as the high [return on investment] of adopting the Zscaler Zero Trust Exchange platform continues to resonate with customers and prospects in this challenging macro environment," Chief Executive Jay Chaudhry said in a release.

The company boosted its full-year revenue forecast to $1.587 billion-$1.591 billion from an outlook of $1.558 billion-$1.563 billion previously. Zscaler also now expects $220 million-$224 million in adjusted income from operations, up from a prior forecast calling for $213 million-$215 million.

Zscaler is due to formally report fiscal third-quarter results after the close of trading June 1.

Shares of Zscaler have fallen 14% over the past month and dropped 35% over a three-month span amid pressure on the cybersecurity sector given negative signals from Tenable Holdings Ltd. (TENB) and Cloudflare Inc. (NET).

-Emily Bary

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

May 08, 2023 10:43 ET (14:43 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2023 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2023. All rights reserved.